26 05, 2023

Asbestos in Renovation Work: What You Need to Know

2023-05-31T21:38:18-04:00May 26th, 2023|Categories: Flipping, How To, Investment Properties, Real Estate, REIs, Remodeling Tips|Tags: , , , |

Investing in real estate often means dealing with older properties, and with those comes the potential issue of asbestos. Hidden within walls, under floors, and in attic insulation, asbestos poses significant dangers during renovation work. This guide aims to help you navigate these risks while maximizing your investment returns. The Dangers of Asbestos in Renovation Work In this guide, you'll learn about: What asbestos is Why it’s a problem How to identify asbestos How to handle and remove asbestos Resources for managing asbestos The following sections explain. What is Asbestos? Asbestos is a group of naturally occurring minerals used extensively

21 08, 2019

Sell vs. Rent: What’s the Right Investment Strategy for You?

2019-09-04T17:14:59-04:00August 21st, 2019|Categories: Investments, REIs|

When you're buying an investment property, you'll have to decide whether you want it to be a short-term or long-term investment. Should you sell it when you're done fixing it up, or should you rent it to a tenant who will take care of it and bring you a steady stream of income? Here's how to decide. Sell vs. Rent: What's the Right Investment Strategy for You? Selling the house means you get an infusion of cash in profits, which you may need to use for your next investment. However, renting it out can bring in a steady stream of

16 08, 2019

New REIs: 3 Mistakes You Don’t Want to Make

2019-09-04T17:14:32-04:00August 16th, 2019|Categories: Investing, Investment Properties, REIs, Tips|

If you're new at real estate investing, check out these three mistakes you just can't afford to make. New REIs: 3 Mistakes You Don't Want to Make Thinking it's easy Waiting for traditional financing Chasing too many bargains Let's take a closer look at each. #1. Thinking it's easy House flipping isn't an easy job. It requires just as much knowledge and hard work as investing in other areas - like the stock market. And while it looks easy on TV, there's a lot that ends up on the cut floor. You can't really just scoop up a property, make

19 02, 2019

Why The Luxury Market Might Be Your Best Investment For House Flipping Right Now

2024-06-17T12:41:44-04:00February 19th, 2019|Categories: Business, Due Diligence, Flipping, Foreclosures, Hard Money, Hard Money Loans, Home Improvements, Investment, Investment Properties, Investments, Rehab Loans, REIs, Short Sales, Taxes|Tags: , , , , , , , |

House flippers focusing on flipping luxury homes are a part of a rising market. While non-luxury houses aren't flipping as well, this market, if you can afford it is still doing well. Consider that the National Association of Realtors showed that sales of existing homes declined over ten percent in the last year. Starter homes, which are usually a common project for house flippers, are part of a decreasing market. Sales are just down among starter homes. Some of that is because of the higher interest rates too. Many people who house flippers would normally try to sell a starter

14 09, 2018

What Qualifies As Proof Of Funds?

2024-06-17T12:42:35-04:00September 14th, 2018|Categories: Flipping, Hard Money, Income, Investing, REIs|Tags: , |

Earlier, we discussed what a Proof of Funds letter was and why people need them. So, what qualifies as Proof of Funds and where do you get them? Anywhere your liquid assets are held can provide you with a proof of funds letter. Of course, this means that your bank can provide you with a proof of funds letter to show that you have money in your account. Plus, certain credit lines or money market accounts might qualify too when the funds can be readily accessed. These institutions can also provide you with a proof of funds letter. Unfortunately if

14 09, 2018

What Are Proof Of Funds Letters?

2024-06-17T12:42:36-04:00September 14th, 2018|Categories: Down Payment, Hard Money, Investing, REIs|Tags: , , |

Proof of Funds Letters can help buyers get under contract quickly. They are a personalized statement that shows that you have funds set aside for a fix and flip real estate investment. A Proof of Funds letter proved that you have enough liquid cash to purchase your investment home. Why do sellers need a Proof of Funds letter? No seller would want to take a home off the market unless they know that a buyer can actually pay for their home.  So, buyers must provide Proof of Funds letters. Even if getting financed, sellers will want to make sure you

19 08, 2017

Know When to Hold ‘Em… Signs You Shouldn’t Buy an Investment Property

2017-08-19T10:00:50-04:00August 19th, 2017|Categories: Hard Money, Home Improvements, Investment, REIs|

As a real estate investor, you know how important it is to make each property an exceptional purchase. However, there are some properties that you should just pass on, no matter how eager you are to make a flip. Here are some red flags for property showings that should signal for you to move on to the next deal. Wood rot. Examine the property thoroughly for signs of rotten wood. Wooden decks and floors surrounding tubs, toilets and sinks should be inspected. If you find signs of rot on the outside, there’s a good chance that behind the wall is

3 05, 2017

5 Common Mistakes REIs Make With Signs

2017-05-03T10:00:10-04:00May 3rd, 2017|Categories: REIs, Selling|

Signs are a terrific way to advertise a property you have for sale. At the same time, don’t fall victim to these common mistakes! Breaking the Law – depending what county you live in, it may be illegal to post signs for your property. In some counties, you can only post them on specific days (for example, on weekends). The last thing you want is to spend all of your time placing your signs, only to be fined and have them removed. Your sign is too small – simply put, a person cannot read what they cannot see. You should

7 04, 2017

5 Kitchen Design Trends REIs Need to Know About in 2017

2017-04-07T13:11:19-04:00April 7th, 2017|Categories: Flipping, Investment, REIs|Tags: , , , , , |

As a real estate investor, you already know that a great kitchen can sell a house—so what makes a great kitchen? Check out 2017’s five hottest kitchen design trends to find out. 2017 Kitchen Design Trend #1: Grays, Not Whites Gray is “in” right now, especially with millennials hitting the market as first-time buyers. Combined with rich, stained wood, it’s warm and inviting—exactly what new buyers want. 2017 Kitchen Design Trend #2: Hydraulic Cabinet Doors Hydraulic kitchen cabinet doors are space-age space-savers, and it turns out they’re just what homebuyers want in 2017. With the push of a button, the

16 01, 2017

2017 Bathroom Trends REIs Need to Know About

2017-01-16T10:00:35-05:00January 16th, 2017|Categories: Flipping, Hard Money, Home Improvements, Home Upgrades, REIs, Remodeling Tips|Tags: , , , , , , |

If you’re a real estate investor, you need to know all about the 2017 bathroom trends—especially if you expect buyers to fall in love with what you’re putting on the market for resale. 2017 Bathroom Trends for REIs and House-Flippers This year, much like last year, a bathroom can be a deal-maker or a deal-breaker. However, the 2017 bathroom trends have taken a turn toward nature. Blending organic with new, shiny, and functional is the way to go this year if you’re a real estate investor. The bathrooms that capture the most favorable attention will have: Clean colors Neat lines

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